The value of this gray metal has also gone up significantly in recent years. It benefits from a dual purpose that gold does not serve: On the one hand, it is seen as an investment metal, while on the other, a significant portion of the silver newly mined every year, about 21,000 tonnes, is required for industrial purposes. The solar power boom of recent years is also driving demand. This industry used up to 2,000 tons of silver in 2011.
The price of silver rose accordingly over the last years. In 2011, it came close to its all-time high of 1980.
We will be happy to advise you in person at our Zurich and Geneva showrooms.